Rs 5-40 lakh bank surety imposed on builders to ensure STPs

18 Sep 2023 CW Team

In a significant move aimed at ensuring the proper functioning of sewage treatment plants (STPs) in housing complexes, the Goa State Pollution Control Board (GSPCB) has implemented bank guarantees ranging from Rs 5 lakh to Rs 40 lakh for builders involved in constructing more than 25 units within such complexes.

Mr. Mahesh Patil, Chairman of GSPCB, emphasized that the decision was prompted by numerous complaints from the public, highlighting instances where STPs within housing complexes became dysfunctional after builders handed over the properties to housing societies. To address this concern, the imposition of bank guarantees on builders has been deemed necessary to hold them accountable for the functionality of STPs.

Builders will be required to provide bank guarantees corresponding to the project's cost, which varies between Rs 5 crore to over Rs 500 crore. Patil further explained that builders will be obligated to furnish these bank guarantees at the time of applying for the consent to establish. During this stage, GSPCB officials will conduct on-site inspections of the complexes to assess the proper functioning of the STPs.

This proactive measure by the GSPCB is expected to promote accountability among builders, ensuring that sewage treatment facilities are not only installed but also maintained effectively, thereby contributing to environmental conservation and public health.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..